Stock Exchange: 6pm shares return to activity
The Sterling denominated equity of 6pm Holdings plc returned to activity during this morning's session on the Borza as all offers up to the GBP0.48 level were taken up and further bids already placed towards the upper limit price of GBP0.513. This...
The Sterling denominated equity of 6pm Holdings plc returned to activity during this morning's session on the Borza as all offers up to the GBP0.48 level were taken up and further bids already placed towards the upper limit price of GBP0.513. This renewed demand for 6pm shares followed the announcement yesterday evening that the company managed to deploy its Electronic Document Management System (EDMS) at NHS Haringey in the UK which will support around 600 users.
During a stockbrokers' meeting held this morning, 6pm's CEO Mr. Alan West Robinson indicated the potential for similar contracts to come on board later on during 2010.
The MSE Share Index closed minimally lower at 3,504 points as the decline in the share price of Bank of Valletta plc offset the 1.4% increase in the share price of Middlesea Insurance plc. BOV's equity closed lower for the sixth successive session while Middlesea regained the €0.75 level for the first time since early April.
Meanwhile HSBC Bank Malta plc maintained the €3.02 level on a single trade of only 1,000 shares but bids are already placed above the closing level. Shortly after today's session HSBC published its Interim Directors' Statement covering the period from 1 January 2010 to 11 May 2010.
The HSBC Group explained that during this period, the Bank performed strongly and made further progress in improving revenues and controlling costs, while loan impairments weakened modestly as expected. HSBC Malta's CEO Mr Alan Richards stated that the Group is encouraged by the Bank's performance during the period under review.
The share price of Malta International Airport plc also traded unchanged at the €3.201 level on volumes of over 11,000 shares. The airport operator yesterday held its Annual General meeting during which shareholders approved all the resolutions on the agenda including a 2-for-1 share split which will be effective on 1 June.
Meanwhile MaltaPost plc continued to trade at its 2010 high of €0.86 for the fourth successive session ahead of the interim results publication next Thursday 13 May.
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